Exhibit (g)(33)
AUTOMATIC YRT
REINSURANCE AGREEMENT
BETWEEN
IDS LIFE INSURANCE COMPANY
MINNEAPOLIS, MINNESOTA
(HEREINAFTER REFERRED TO AS THE "CEDING COMPANY")
AND
[NAME OF REINSURANCE COMPANY]
[CITY AND STATE OF REINSURANCE COMPANY]
(HEREINAFTER REFERRED TO AS THE "REINSURER")
EFFECTIVE AUGUST 30, 2005
TREATY # 836301
TABLE OF CONTENTS
ARTICLE 1 - PREAMBLE
1.1 Parties to the Agreement
1.2 Entire Agreement
1.3 Compliance
1.4 Good Faith
ARTICLE 2 - AUTOMATIC REINSURANCE
ARTICLE 3 - FACULTATIVE REINSURANCE
ARTICLE 4 - COMMENCEMENT OF LIABILITY
4.1 Automatic Reinsurance
4.2 Facultative Reinsurance
4.3 Conditional Receipt or Temporary Insurance
ARTICLE 5 - REINSURED RISK AMOUNT
ARTICLE 6 - PREMIUM ACCOUNTING
6.1 Premiums
6.2 Payment of Premiums
6.3 Delayed Payment
6.4 Failure to Pay Premiums
6.5 Premium Rates
ARTICLE 7 - REDUCTIONS, TERMINATIONS AND CHANGES
7.1 Reductions and Terminations
7.2 Noncontractual Increases
7.3 Contractual Increases
7.4 Risk Classification Changes
7.5 Reinstatement
ARTICLE 8 - REPLACEMENTS AND CONVERSIONS
8.1 Internal Replacements
8.2 Conversions
8.3 [name of reinsurance company] Conversions
8.4 Transition
ARTICLE 9 - CLAIMS
9.1 Notice
9.2 Claim Settlement Process
9.3 Amount and Payment of Reinsurance Benefits
9.4 Contested Claims
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9.5 Claim Expenses
9.6 Misrepresentation or Suicide
9.7 Misstatement of Age or Sex
9.8 Extra Contractual Obligations
ARTICLE 10 - CREDIT FOR RESERVES
ARTICLE 11 - RETENTION LIMIT CHANGES
ARTICLE 12 - RECAPTURE
ARTICLE 13 - GENERAL PROVISIONS
13.1 Currency
13.2 Premium Tax
13.3 Minimum Cession
13.4 Inspection of Records
13.5 Interest Rate
13.6 Notices
13.7 Governing Law
13.8 Survival
13.9 Non-Waiver
13.10 Non-Transferability
ARTICLE 14 - DAC TAX
ARTICLE 15 - OFFSET
ARTICLE 16 - INSOLVENCY
16.1 Insolvency of a Party to this Agreement
16.2 Insolvency of the Ceding Company
16.3 Insolvency of the Reinsurer
ARTICLE 17 - ERRORS AND OMISSIONS
ARTICLE 18 - DISPUTE RESOLUTION
ARTICLE 19 - ARBITRATION
ARTICLE 20 - CONFIDENTIALITY
ARTICLE 21 - SEVERABILITY
ARTICLE 22 - DURATION OF AGREEMENT
ARTICLE 23 - EXECUTION
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EXHIBITS
A - RETENTION LIMITS OF THE CEDING COMPANY
B - PLANS COVERED AND BINDING LIMITS
C - FORMS, MANUALS, AND ISSUE RULES
D - REINSURANCE PREMIUMS
E - SELF-ADMINISTERED REPORTING
F - APPLICATION FOR FACULTATIVE REINSURANCE FORM
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ARTICLE 1
PREAMBLE
1.1 PARTIES TO THE AGREEMENT
This is a Yearly Renewable Term (YRT) agreement for indemnity reinsurance
(the "Agreement") solely between IDS Life Insurance Company (the "Ceding
Company"), an insurance company domiciled in the State of Minnesota, and
[name of reinsurance company], an insurance company domiciled in the
State of [state] (the "Reinsurer"), collectively referred to as the
"parties".
The acceptance of risks under this Agreement will create no right or
legal relationship between the Reinsurer and the insured, owner or
beneficiary of any insurance policy of the Ceding Company.
1.2 ENTIRE AGREEMENT
This Agreement constitutes the entire agreement and supersedes any letter
of intent between the parties with respect to the business reinsured
hereunder. There are no understandings between the parties other than as
expressed in this Agreement. Any change or modification to this Agreement
will be null and void unless made by amendment to this Agreement and
signed by both parties.
1.3 COMPLIANCE
This Agreement applies only to the issuance of insurance by the Ceding
Company in a jurisdiction in which it is properly licensed.
1.4 GOOD FAITH
This Agreement is entered into in reliance on the utmost good faith of
the parties and requires the continuing utmost good faith of the parties,
their representatives, successors and assigns. This includes a duty of
full and fair disclosure of any material information respecting the
formation and continuation of this Agreement and the business reinsured
hereunder. This also includes a duty to provide prompt notice to the
other party in the event the notifying party becomes insolvent as
described in Article 16. Each party represents and warrants to the other
party that it is solvent on a statutory basis in all states in which it
does business or is licensed.
Should the Ceding Company make a fundamental change in its business
practices relating to the reinsured business that would materially alter
the risk assumed by the Reinsurer under this Agreement, it will inform
the Reinsurer in advance and in writing of such change. "Material" for
the purposes of this Article will mean a change that a prudent actuary
would consider likely to negatively and materially affect the Reinsurer's
experience. Examples of such matters are
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fundamental changes in underwriting and changes in control of the Ceding
Company. Any outsourcing by the Ceding Company of claims, underwriting,
or reinsurance administration functions relating to the business
reinsured hereunder shall be considered a fundamental change. The Ceding
Company will secure the Reinsurer's right to audit any outsourced
activity of any function to the extent such right exists under this
Agreement with respect to reinsured business. The parties acknowledge
that reasonable variations in the Company's day-to-day functions, other
than changes in underwriting standards and guidelines and material
changes in corporate wide practices and philosophy, will not be
considered a fundamental change. An example of a change in corporate wide
practices and philosophy is a change in policy distribution channel.
Changes in personnel will not be considered a fundamental change.
The Reinsurer shall have thirty (30) calendar days in which to respond in
writing to the Ceding Company as to whether it accepts or disapproves of
the fundamental change in Ceding Company's business practices, failing
which the change shall be deemed to be accepted by the Reinsurer. In the
event the Reinsurer notifies Ceding Company of its disapproval of the
fundamental change in Ceding Company's business practices, the Agreement
will not extend to policies issued after the effective date of the
change, but the Reinsurer shall remain liable for existing business
issued prior to the effective date of the change.
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ARTICLE 2
AUTOMATIC REINSURANCE
2.1 On and after the effective date of this Agreement, the Reinsurer will
automatically accept a portion of the mortality risk on life insurance
policies and riders directly issued by the Ceding Company and listed in
Exhibit B - Plans Covered and Binding Limits. The Reinsurer will
automatically accept its share of mortality risk on the above-referenced
policies and riders within the limits shown in Exhibit B, provided that
the insured is a resident of the United States or Canada, or meets the
requirements for an International Client, all as set forth in the Ceding
Company's Guidelines For Underwriting International Clients referenced in
Exhibit B, and provided that:
(a) the Ceding Company keeps its retention, as shown in Exhibit A -
Retention Limits of the Ceding Company, and
(b) the Ceding Company applies its normal underwriting guidelines, as
stated in Exhibit C - Forms, Manuals and Issue Rules, and
(c) the sum of all amounts in force and applied for on the life with
the Ceding Company, excluding amounts being internally replaced,
does not exceed the Automatic Binding Limits set out in Exhibit B,
and
(d) the amount of life insurance in force in all companies, including
any coverage to be replaced plus the amount currently applied for
on that life in all companies, does not exceed the Jumbo Limit
stated in Exhibit B, and
(e) the application is on a life that has not been submitted
facultatively to the Reinsurer or any other reinsurer within the
last two (2) years, including the current application, unless the
reason for any prior facultative submission was solely for capacity
that may now be accommodated within the terms of this Agreement.
It is understood and agreed that Reinsurer will generally accept Ceding
Company's underwriting decisions so long as Ceding Company's underwriters
act in good faith and in a manner substantially consistent with Ceding
Company's underwriting guidelines and manual, age and amount requirements
and control procedures, thus allowing for the application of reasonable
underwriting judgment (which involves the application of positive and
negative underwriting factors or considerations), and for unintentional
mistakes provided that such mistakes are not material or systemic or part
of a pattern that evidences disregard for the Company's underwriting and
procedural requirements.
The Ceding Company may not reinsure the amount it has retained on the
business covered under this Agreement, as provided for in Exhibit A, on
any basis without the Reinsurer's written consent; however nothing herein
shall prevent Ceding Company from indemnity reinsuring or transferring
any policies reinsured hereunder pursuant to a bona fide sale of the
policies to be reinsured or transferred.
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ARTICLE 3
FACULTATIVE REINSURANCE
3.1 The Ceding Company may submit any application on a plan or rider
identified in Exhibit B - Plans Covered and Binding Limits, to the
Reinsurer (or any other reinsurer) for its consideration on a facultative
basis.
The Ceding Company will apply for reinsurance on a facultative basis by
sending to the Reinsurer an Application for Facultative Reinsurance,
providing information similar to the example outlined in Exhibit F -
Application for Facultative Reinsurance. Accompanying this application
will be copies of all underwriting evidence that is available for risk
assessment including, but not limited to, copies of the application for
insurance, medical examiners' reports, attending physicians' statements,
inspection reports, and any other information bearing on the insurability
of the risk. The Ceding Company also will notify the Reinsurer of any
outstanding underwriting requirements at the time of the facultative
submission. Any subsequent information received by the Ceding Company
that is pertinent to the risk assessment will be immediately transmitted
to the Reinsurer.
After consideration of the application for facultative reinsurance and
related information, the Reinsurer will promptly inform the Ceding
Company of its underwriting decision. The Reinsurer's offer will expire
at the end of one hundred twenty (120) days, unless otherwise specified
by the Reinsurer in its offer.
If the Ceding Company accepts the Reinsurer's offer, then the Ceding
Company will note its acceptance in its underwriting file and include the
policy on the next billing statement issued to the Reinsurer following
policy activation. Reinsurer agrees the reinsurance offer will be deemed
accepted by Ceding Company at the point in time Ceding Company makes such
notation in its underwriting file in accordance with the Ceding Company's
standard facultative placement procedures.
Changes in plan, contract number, policyowner, or amount of coverage may
be made subsequently by the Ceding Company without obtaining another
offer from the Reinsurer provided such changes are within the amount
approved by the Reinsurer and do not change the underlying risk. Coverage
for any Automatic Increasing Benefit Rider shall be provided in
accordance with this Agreement notwithstanding any notations on the offer
that say "no benefits", "benefits excluded", or words of similar import.
The relevant terms and conditions of the Agreement will apply to those
facultative offers made by the Reinsurer which are accepted by the Ceding
Company. Nothing herein prevents the Ceding Company from retaining the
risk on a policy that was facultatively shopped or placing the policy
with a different facultative reinsurer.
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ARTICLE 4
COMMENCEMENT OF LIABILITY
4.1 AUTOMATIC REINSURANCE
For automatic reinsurance, the Reinsurer's liability will commence at the
same time as the Ceding Company's liability, including liability under
any conditional receipt or temporary insurance provision.
4.2 FACULTATIVE REINSURANCE
For facultative reinsurance, the Reinsurer's liability will commence at
the same time as the Ceding Company's liability, including liability
under any conditional receipt or temporary insurance provision, provided
that the Reinsurer has made a facultative offer and that offer was
accepted in accordance with the terms of this Agreement.
4.3 CONDITIONAL RECEIPT OR TEMPORARY INSURANCE
Reinsurance coverage under a conditional receipt or temporary insurance
provision is limited to the Reinsurer's share of amounts within the
conditional receipt or temporary coverage limits shown in Exhibit B -
Plans Covered and Binding Limits. Such coverage includes temporary
insurance where required by law notwithstanding any conditions or
limitations contained in the conditional receipt or temporary insurance
provision.
For facultative reinsurance, the Reinsurer shall be liable only for
benefits paid pursuant to the terms and conditions of the Ceding
Company's conditional receipt or temporary insurance agreement if both of
the following conditions are satisfied:
(i) The Ceding Company follows its normal facultative reinsurance
placement rules in effect at the time of issue of the
conditional receipt or temporary insurance agreement; and
(ii) The Reinsurer's facultative offer is final and is not
contingent upon any additional underwriting requirements to
be satisfied by the Ceding Company.
Notwithstanding anything to the contrary in Article 2.1 above, for any
application submitted for facultative consideration to any reinsurer,
automatic reinsurance coverage shall be provided in accordance with the
conditional receipt and temporary insurance provisions of this Article
4.3, until such time that facultative coverage with any reinsurer
commences in accordance with the applicable reinsurance agreement between
the Ceding Company and the reinsurer.
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In the event that the Ceding Company's rules with respect to cash
handling and issuance of conditional receipt or temporary insurance are
not followed, the Reinsurer will participate in the liability if: (1) the
conditions for automatic reinsurance are met; or (2) the foregoing
conditions for acceptance of the Reinsurer's facultative offer are
satisfied; and the Ceding Company does not knowingly allow such rules to
be violated or condone such a practice. In all cases, reinsurance
coverage under a conditional receipt or temporary insurance provision is
limited to the Reinsurer's share of amounts within the conditional
receipt or temporary coverage limits shown in Exhibit B - Plans Covered
and Binding Limits and the provisions of Article 9 apply to such a claim.
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ARTICLE 5
REINSURED RISK AMOUNT
5.1 Reinsured risk amounts will be calculated on each policy anniversary;
during a policy year, reinsured risk amounts are adjusted if and only if
there is an increase or decrease in policy specified amount. Reinsured
risk amounts consist of the Reinsured Net Amount at Risk on each policy
or rider as defined below.
Option 1, Base Policy: The Net Amount at Risk is equal to the Death
Benefit minus the Policy Value, where the Death Benefit is the greater of
the Specified Amount or the Policy Value multiplied by the tax corridor.
The Reinsured Net Amount at Risk is defined as the Net Amount at Risk at
the most recent policy anniversary, or subsequent policy change date if
applicable, less the Ceding Company's Retained Share multiplied by the
Reinsurer's Percentage Share as defined in Exhibit B - Plans Covered and
Binding Limits.
Option 2, Base Policy: The Net Amount at Risk is equal to the Death
Benefit minus the Policy Value, where the Death Benefit is the greater of
the Specified Amount plus the Policy Value or the Policy Value multiplied
by the tax corridor. The Reinsured Net Amount at Risk is defined as the
Net Amount at Risk at the most recent policy anniversary, or subsequent
policy change date if applicable, less the Ceding Company's Retained
Share multiplied by the Reinsurer's Percentage Share as defined in
Exhibit B.
Riders: For a Base Insured Rider and Other Insured Rider, the Net Amount
at Risk is the face value of the Rider, which shall be considered the
Specified Amount for purposes of this Agreement. The Reinsured Net Amount
at Risk is defined as the Specified Amount of the Rider at the most
recent policy anniversary, or subsequent policy change date if
applicable, less the Ceding Company's Retained Share multiplied by the
Reinsurer's Percentage Share as defined in Exhibit B.
Increases in the Net Amount at Risk of the Base Policy due to an
Automatic Increasing Benefit Rider, and fluctuations in the Net Amount at
Risk of the Base Policy caused by the normal workings of the Policy
Value, will be shared by the Ceding Company and the Reinsurer on the same
basis as described in Exhibit B.
Terms used in this Article 5, including Option 1 and Option 2, shall be
interpreted in a manner consistent with the policies.
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ARTICLE 6
PREMIUM ACCOUNTING
6.1 PREMIUMS
Reinsurance premium rates for life insurance and other benefits reinsured
under this Agreement (either automatic or facultative) are shown in
Exhibit D - Reinsurance Premiums. Reinsurance premiums will be determined
by applying the reinsurance premium rates to the Reinsured Net Amount at
Risk. The reinsurance premium rates shall be calculated net of allowances
as shown in Exhibit D.
Reinsurance premium rates, including allowances, may not be changed by
the Reinsurer over the duration of this Agreement except as provided in
Article 6.5 below.
Premium adjustments due either party will be calculated and paid in the
event of mid-year policy increases or decreases, terminations, death
claims, and other changes as appropriate.
6.2 PAYMENT OF PREMIUMS
Reinsurance premiums are payable annually in advance. The Ceding Company
will calculate the amount of reinsurance premium due and, within thirty
(30) days after the end of the month, will send the Reinsurer a statement
that contains the information shown in Exhibit E - Self-Administered
Reporting, showing reinsurance premiums due for that period. If an amount
is due the Reinsurer, the Ceding Company will remit that amount together
with the statement. If an amount is due the Ceding Company, the Reinsurer
will remit such amount within fifteen (15) days of receipt of the
statement.
If the Ceding Company overpays a reinsurance premium and the Reinsurer
accepts the overpayment in error, the Reinsurer's acceptance in and of
itself will not create reinsurance liability beyond what is provided for
in this Agreement. If the Ceding Company fails to make a full premium
payment for a policy or policies reinsured hereunder, due to an error or
omission as described in Article 17, the amount of reinsurance coverage
provided by the Reinsurer shall not be reduced. However, once the
underpayment is discovered, the Ceding Company will be required to pay to
the Reinsurer the difference between the full premium amount and the
amount actually paid, without interest. If payment of the full premium is
not made within sixty (60) days after the discovery of the underpayment,
the underpayment shall be treated as a failure to pay premiums and will
be subject to Article 6.4 below.
6.3 DELAYED PAYMENT
Premium balances that remain unpaid for more than thirty (30) days after
the Remittance Date will incur interest from the end of the reporting
period. The Remittance Date is defined as
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thirty (30) days after the end of the reporting period. Interest will be
calculated using the index specified in Article 13.5 - Interest Rate.
6.4 FAILURE TO PAY PREMIUMS
The payment of reinsurance premiums is a condition precedent to the
liability of the Reinsurer for reinsurance covered by this Agreement. In
the event that reinsurance premiums are not paid within sixty (60) days
of the Remittance Date, the Reinsurer will have the right to terminate
the reinsurance under all policies having reinsurance premiums in
arrears. If the Reinsurer elects to exercise its right of termination, it
will give the Ceding Company thirty (30) days written notice of its
intention. Such notice will be sent by certified mail in the manner
specified in Article 13.6.
If all reinsurance premiums in arrears, including any that become in
arrears during the thirty (30) day notice period, are not paid before the
expiration of the notice period, the Reinsurer will be relieved of all
liability under those policies as of the last date for which premiums
have been paid for each policy. Reinsurance on policies on which
reinsurance premiums subsequently fall due will automatically terminate
as of the last date for which premiums have been paid for each policy,
unless reinsurance premiums on those policies are paid before their
Remittance Dates.
Terminated reinsurance may be reinstated, subject to approval by the
Reinsurer, and upon payment of all reinsurance premiums in arrears
including any interest accrued thereon. The Reinsurer will have no
liability for any claims incurred between the date of termination and the
date of the reinstatement of the reinsurance. The right to terminate
reinsurance will not prejudice the Reinsurer's right to collect premiums
for the period during which reinsurance was in force prior to the
expiration of the thirty (30) days notice.
The Ceding Company will not force termination under the provisions of
this Article solely to avoid the provisions of Article 12 - Recapture, or
to transfer the reinsured policies to another reinsurer.
6.5 PREMIUM RATES
The maximum reinsurance premium rates which may be charged by the
Reinsurer shall be the statutory valuation premiums for yearly renewable
term insurance at the maximum interest rates and minimum mortality rates
applicable to the reinsured policies for each year of issue as prescribed
by law.
The Ceding Company agrees to provide Reinsurer with sixty (60) days
advance notice of its intent to increase cost of insurance rates charged
for new or existing business. Nothing herein shall be construed to limit
the Ceding Company's ability to change cost of insurance rates in its own
discretion.
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For reinsurance of new business, Reinsurer reserves the right to change
reinsurance premium rates after ninety (90) days written notice is
provided to the Ceding Company.
Reinsurer represents that the reinsurance premium rates charged for
existing business under this treaty are intended to remain in force for
an indefinite period and that Reinsurer has no current plans to raise
such rates. Reinsurer will use commercially reasonable efforts to
maintain the existing reinsurance premium rates but reserves the right to
change rates if necessary to maintain the financial stability of the
company or the block of reinsured business.
Reinsurer may raise reinsurance premium rates for existing business only
if the rate action is part of and consistent with a general re-pricing of
the Reinsurer's portfolio of reinsurance plans for all Comparable
Reinsurance Commitments. In this regard, Reinsurer warrants that any
increase in reinsurance premium rates for existing business shall be no
greater in percentage than the increase in rates for Comparable
Reinsurance Commitments.
Comparable Reinsurance Commitment means any other YRT reinsurance
contract or treaty under which Reinsurer provides reinsurance to any
ceding company for permanent insurance policies that are generally
subject to medical underwriting, written on a rate structure with three
or more underwriting classifications (such as preferred non-smoker,
standard non-smoker and standard smoker), and where the Reinsurer has a
unilateral contractual right to increase premiums within one year of
notice of intent to raise rates.
[terms of rate guarantee redacted]
In the event Ceding Company gives written notice of its intent to raise
cost of insurance rates for the reinsured business, Reinsurer shall have
sixty (60) days to notify Ceding Company in writing of its intent to
raise reinsurance premium rates, and if applicable, Ceding Company shall
be allowed sixty (60) days from the date of receiving Reinsurer's rate
increase notice in
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which to elect its option to recapture. Reinsurer's rate increase or
Ceding Company's recapture shall take effect on the anniversary of each
policy covered by this Agreement following the aforementioned sixty (60)
day notice period.
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ARTICLE 7
REDUCTIONS, TERMINATIONS AND CHANGES
Whenever a change is made in the status, plan, amount or other material feature
of a policy reinsured under this Agreement, the Reinsurer will, upon receipt of
notification of the change, provide adjusted reinsurance coverage in accordance
with the provisions of this Agreement. The Ceding Company will attempt to advise
the Reinsurer of any such change within sixty (60) days of its effective date.
7.1 REDUCTIONS AND TERMINATIONS
In the event of the reduction, lapse, or termination of a policy or
policies reinsured under this Agreement or any other agreement, the
Ceding Company will, in order to maintain its full retention, reduce or
terminate reinsurance on that life. If there is a reduction on a policy
reinsured under this Agreement, the Ceding Company's Retained Share will
be adjusted, if necessary, and Reinsured Net Amount at Risk will be
recalculated, using the new Specified Amount.
If the reduction is on a policy not reinsured under this Agreement, the
reinsurance reduction will apply first to the policy or policies being
reduced and then, on a chronological basis, to other reinsured policies
on the life, beginning with the oldest policy. As a result of such
reductions, to the extent necessary, the Ceding Company will recalculate
the full available retention defined in Exhibit A for each policy
reinsured under this Agreement and recalculate Ceding Company's Retained
Share and Reinsured Net Amount at Risk for the policy.
Reductions in reinsurance under this provision shall be proportionate to
the Reinsurer's share of the total amount of reinsurance on the policy.
7.2 NONCONTRACTUAL INCREASES
If the amount of insurance is increased as a result of a noncontractual
change, the increase will be underwritten by the Ceding Company in
accordance with its customary standards and procedures. The policy will
be reinsured under this Agreement using the total risk amount as adjusted
in accordance with Article 5. For purposes of reinsurance, the original
age and duration of the policy will be used for the total risk amount;
however the underwriting class will be based on the most recent
assessment and may differ from the underwriting classification in effect
prior to the increase. The Reinsurer's approval is required if the
original policy was reinsured on a facultative basis or if the new amount
will cause the total amount on the life to exceed either the Automatic
Binding Limits or the Jumbo Limits shown in Exhibit B - Plans Covered and
Binding Limits.
7.3 CONTRACTUAL INCREASES
Increases in the Net Amount at Risk of the Base Policy caused by an
Automatic Increasing Benefit Rider shall be reinsured as described in
Article 5 without regard to the Automatic
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Binding Limits or the Jumbo Limits shown in Exhibit B, provided that the
total of all such increases to the Specified Amount of a single policy
does not exceed [dollar amount].
7.4 RISK CLASSIFICATION CHANGES
If the policyholder requests a table rating reduction, removal of a flat
extra, or change in smoking status, such change will be underwritten
according to the Ceding Company's normal underwriting practices. For
purposes of reinsurance, the original age and duration of the policy will
be used to calculate reinsurance premiums, but the underwriting class
will be changed if approved by the Ceding Company on a prospective basis
from the date of improvement in risk classification. Risk classification
changes on facultative policies will be subject to the Reinsurer's
approval.
7.5 REINSTATEMENT
If a policy is reinstated in accordance with its terms and in accordance
with Ceding Company rules and procedures, the Reinsurer will, upon
notification of reinstatement, reinstate the reinsurance coverage. If the
policy was facultatively reinsured, approval by the Reinsurer will only
be required prior to the reinstatement of the reinsurance if the Ceding
Company's regular reinstatement rules indicate that more evidence than a
Statement of Good Health is required. Upon reinstatement of the
reinsurance coverage, the Ceding Company will pay the reinsurance
premiums that would have accrued had the policy not lapsed, together with
interest at the same rate as the Ceding Company receives under its
policy, and for the period for which the Ceding Company received premiums
in arrears and interest.
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ARTICLE 8
REPLACEMENTS AND CONVERSIONS
8.1 INTERNAL REPLACEMENTS
A policy issued as an internal exchange or replacement of another policy
(whether or not the original policy was reinsured under this Agreement),
and underwritten by the Ceding Company in accordance with its
underwriting guidelines, standards and procedures for exchanges and
replacements, will be treated and covered as new business under this
Agreement (notwithstanding that suicide and contestability periods may be
applied from the date of the replaced or exchanged policy for coverage up
to the face amount of the replaced or exchanged policy in accordance with
the Ceding Company's exchange guidelines). Reinsurance of any such policy
may be ceded automatically or facultatively under this Agreement
according to the same terms and conditions as apply to other new
business. Reinsurance premium rates will be based on the issue age, issue
date, and underwriting classification of the new policy.
If a policy reinsured under this Agreement is internally exchanged or
replaced with another policy, reinsurance will continue under this
Agreement or, if applicable, any different agreement between the parties
providing reinsurance coverage for the new policy. In that event,
reinsurance premium rates will be based on issue age and duration of the
original policy and underwriting classification of the new policy, and
Reinsurer's share shall be as provided in this Agreement, unless
otherwise indicated in the internal exchange provisions of the
reinsurance agreement that covers the new policy. Notwithstanding the
foregoing, if there is a reinsurance agreement between the parties
providing reinsurance coverage for the new policy and such agreement
treats the policy as new business, then the issue age, duration, and
underwriting classification shall be based on the new policy, and
Reinsurer's share shall be as provided in the reinsurance agreement
covering the new policy.
8.2 CONVERSIONS
Contractual term conversions from Ceding Company's term insurance
policies or riders (such as an Other Insured Rider or Children's
Insurance Rider) to a policy reinsured under this Agreement will be
covered and treated the same as any other new business under this
Agreement except the issue age and issue date of the original term policy
or rider shall apply for purposes of determining reinsurance premium
rates and Reinsurer's share, if any, shall be as provided in any
reinsurance agreement that covered the original term policy or rider.
Notwithstanding the foregoing, contractual term conversions from term
insurance policies or riders less than one year old at time of conversion
will be reinsured as new business under this Agreement based on issue
age, issue date, and underwriting classification of the new policy,
either on an automatic or facultative basis consistent with the original
policy (except in the case of automatic coverage the Reinsurer's share
shall be as provided in this Agreement and in the case of facultative
coverage the Reinsurer's share shall be as provided in the reinsurance
agreement covering the original policy). In any event, contractual
conversions for purposes of
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this paragraph shall not include any increase in the amount ceded to
Reinsurer nor any improvement in underwriting classification, which
instead shall be handled as described in the following paragraph.
In the event a term insurance policyholder seeks to convert to a policy
reinsured under this Agreement and at the same time increase the face
value or specified amount of the policy, or improve the underwriting
classification, if the exchange is agreed to by the Ceding Company, such
exchange shall be treated as an internal replacement and handled in the
manner set forth in the first paragraph of the foregoing Article 8.1
relating to internal replacements.
In the event of a contractual conversion of an Other Insured Rider that
is issued in connection with a policy reinsured under this Agreement,
such conversion shall be treated as an internal replacement and handled
in the manner set forth in the second paragraph of the foregoing Article
8.1 relating to internal replacements.
8.3 [NAME OF REINSURANCE COMPANY] CONVERSIONS
If any policy or rider is covered under a reinsurance agreement (herein a
"[name of reinsurance company] Agreement") between [name of reinsurance
company] (herein "[name of reinsurance company]") and the Ceding Company,
which is existing as of the effective date of this Agreement and provides
for continuation of coverage of a policy or rider (such as in the case of
conversions), and the policy or rider is continued as or converted to a
policy covered under this Agreement, the policy or rider shall be treated
as new business under this Agreement except issue age and issue date of
the original policy or rider shall be used for purposes of determining
reinsurance premium rates and Reinsurer's share shall be as provided in
the applicable [name of reinsurance company] Agreement.
8.4 TRANSITION
Following introduction of plans covered by this Agreement, as specified
in Exhibit B - Plans Covered and Binding Limits, in any given state, a
policy issued on any existing Ceding Company life plans may be returned
for a policy on the new plans without requiring additional underwriting
evidence, if the policyowner's request for the new policy is made within
the original policy's free-look period. For purposes of this paragraph,
the free-look period administered by Ceding Company will be thirty (30)
days. The underwriting class may be improved in this event only if the
insured fully qualifies for the new class based on the underwriting
evidence submitted for the original application. The new policy shall be
treated as new business under this Agreement reinsured automatically or
facultatively, as applicable, subject to the terms herein.
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ARTICLE 9
CLAIMS
Claims covered under this Agreement include only death claims, which are those
due to the death of the insured on a policy or rider reinsured under this
Agreement, and any additional benefits specified in Exhibit B - Plans Covered
and Binding Limits, which are provided by the underlying policy and are
reinsured under this Agreement.
9.1 NOTICE
The Ceding Company will advise the Reinsurer, as soon as reasonably
possible, after it receives a notice of a claim on a policy reinsured
under this Agreement. Upon receiving a notice of claim, Ceding Company
shall provide the Reinsurer with a Notice of Reinsurance Claim. The
Notice of Reinsurance Claim will include the insured's name and date of
birth, the policy number, the policy issue date, the Specified Amount,
the risk amount reinsured with the Reinsurer, the date of death and the
cause of death, if known.
9.2 CLAIM SETTLEMENT PROCESS
For (i) all non-contestable claims whether facultative or automatic and
(ii) all contestable claims covered by automatic reinsurance with a total
death benefit less than or equal to [dollar amount], the Ceding Company
will review and settle such claims without prior approval from or
consultation with the Reinsurer.
For (i) all contestable claims covered by automatic reinsurance with
total death benefits exceeding [dollar amount], (ii) all contestable
claims covered by facultative reinsurance regardless of amount, and (iii)
all claims (whether contestable or non-contestable notwithstanding the
foregoing paragraph) in excess of [dollar amount] in which the death of
the insured occurred in a country other than the United States (including
its territories and possessions) or Canada, the Ceding Company will send
the Reinsurer full underwriting and claims investigation information
prior to payment or admission of liability.
The Ceding Company will wait at least five business days for the
Reinsurer's recommendations before admitting liability or proceeding to
settle the claim. Reinsurer's failure to provide a recommendation within
five business days (or any agreed upon extension) shall be deemed
acceptance of any action taken by the Ceding Company.
In any event, the ultimate authority to pay or deny a claim will rest
solely with the Ceding Company. Failure to follow the Reinsurer's
recommendation will not relieve the Reinsurer of its reinsurance
liability hereunder. The Ceding Company's contractual liability for
policies reinsured under this Agreement is binding on the Reinsurer,
provided that the claim was paid in good faith and the company's standard
practices were followed in the adjudication of the claim.
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Any required consultation or sharing of claims information with the
Reinsurer will not impair the Ceding Company's freedom to determine the
proper action on the claim.
With respect to the five business day period described above during which
the Ceding Company shall await any recommendation of the Reinsurer, the
Reinsurer may request within the five business day period an extension of
an additional ten business days (up to fifteen business days in total) to
provide its recommendation, in which case the Ceding Company shall not
unreasonably withhold approval of such request unless an extension would
cause the Ceding Company to violate any statutory time limit on claims
settlement.
Dollar amounts specified in this Article 9.2 shall be applied on a per
life basis to total specified amounts on policies reinsured under this
Agreement. Nothing in this Article 9 shall be construed as requiring the
Ceding Company to disclose any privileged document or information to the
Reinsurer.
9.3 AMOUNT AND PAYMENT OF REINSURANCE BENEFITS
As soon as the Ceding Company receives proper claim notice and proof of
claim from a claimant or beneficiary, and the claim has been reviewed and
settled in accordance with the process described in Article 9.2, the
Ceding Company may seek reinsurance benefits by submitting Proof of Claim
to the Reinsurer.
Proof of Claim shall mean proof of payment by the Ceding Company, an
itemized statement of benefits paid by the Ceding Company, and a copy of
the insured's death certificate. Upon receipt of Proof of Claim, the
Reinsurer will promptly pay the reinsurance benefits due the Ceding
Company. The Ceding Company's contractual liability for policies
reinsured under this Agreement is binding on the Reinsurer, provided that
the claim was paid in good faith and the company's standard practices
were followed in the adjudication of the claim.
Claims shall be paid promptly upon submission of a proper proof of
reinsurance claim subject to the other provisions contained herein.
Reinsurer may request additional documents reasonably necessary in order
to pay the claim; such requests for additional documents will be made
only occasionally unless warranted by factors such as suspected fraud or
other identifiable concerns. In any event, Reinsurer shall pay claims
covered under this Agreement within thirty (30) calendar days of receipt
of the Proof of Claim or, if applicable, other reasonably requested
information.
The total reinsurance recoverable from all reinsurers will not exceed the
Ceding Company's total contractual liability on the policy, less the
amount retained; provided such limitation shall not relieve Reinsurer
from any liability under Article 9.8 below. The maximum reinsurance death
benefit payable to the Ceding Company under this Agreement is the risk
amount specifically reinsured with the Reinsurer; provided such maximum
shall not relieve Reinsurer from any liability under Article 9.8 below.
The Reinsurer will also pay its proportionate share of interest that the
Ceding Company pays on the death proceeds until the date of settlement.
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Death benefit payments will be made in a single sum, regardless of the
Ceding Company's settlement options.
9.4 CONTESTED CLAIMS
The Ceding Company will promptly advise the Reinsurer of its intention to
contest, compromise, or litigate any claim involving a reinsured policy.
In that event, the Ceding Company will also promptly and fully disclose
to the Reinsurer all claim documentation. Once notified, the Reinsurer
will have five (5) business days to notify the Ceding Company in writing
of its decision to accept participation in the contest, compromise, or
litigation.
If the Reinsurer does not accept participation in such contest,
compromise, or litigation, the Reinsurer must then fulfill its obligation
by paying the Ceding Company its full share of reinsurance and will not
share in any subsequent reduction or increase in liability arising out of
or in connection with the claim.
If the Reinsurer accepts participation, the Reinsurer will share
proportionately in any resulting reduction or increase arising out of or
in connection with the claim. The Ceding Company will keep the Reinsurer
apprised of all significant developments in the claim investigation,
including notification of any legal proceedings against it in response to
a denial of a claim. If litigation has commenced or claimant has made a
demand for an amount exceeding the contract benefits, the Reinsurer may
discharge its liability only by tendering payment of reinsurance proceeds
to the Ceding Company in an amount proportionate to a pending settlement
offer made by the claimant to the Ceding Company.
9.5 CLAIM EXPENSES
The Reinsurer will pay its share of reasonable claim investigation and
legal expenses connected with the investigation, settlement, or
litigation of claims unless the Reinsurer has discharged its liability
pursuant to Article 9.4 above. If the Reinsurer has so discharged its
liability, the Reinsurer will not participate in any expenses incurred
thereafter in connection with the claim.
The Reinsurer will not reimburse the Ceding Company for routine claim and
administration expenses, including the Ceding Company's home office
expenses and any legal expenses other than third party expenses incurred
by the Ceding Company. The Reinsurer will not reimburse expenses incurred
by the Ceding Company as a result of a dispute or contest arising out of
conflicting claims of entitlement to policy proceeds or benefits.
9.6 MISREPRESENTATION OR SUICIDE
If the Ceding Company returns premium to the policyowner or beneficiary
as a result of misrepresentation or suicide of the insured, the Reinsurer
will refund all reinsurance premiums received on that policy without
interest to the Ceding Company in lieu of any other form of reinsurance
benefit payable under this Agreement; however the Reinsurer remains
liable to the
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Ceding Company under the terms of this Agreement in the event there is
litigation, settlement, or other disposition of a claim in connection
with the policy.
9.7 MISSTATEMENT OF AGE OR SEX
In the event of a change in the amount of the Ceding Company's liability
on a reinsured policy due to a misstatement of age or sex, the
Reinsurer's liability will change proportionately. Reinsurance premiums
will be adjusted from the inception of the policy, and any difference
will be settled without interest.
9.8 EXTRA CONTRACTUAL OBLIGATIONS
The Reinsurer will not participate in Punitive Damages or Compensatory
Damages that are awarded against the Ceding Company as a result of an
act, omission, or course of conduct committed solely by the Ceding
Company, its agents, or representatives in connection with claims covered
under this Agreement.
However, the parties recognize that circumstances may arise in which
equity would require the Reinsurer, to the extent permitted by law, to
share proportionately in Extra Contractual Obligations. [terms of
extra-contractual damages redacted]
For purposes of this Agreement, Extra Contractual Obligations includes
Punitive Damages, Compensatory Damages, Statutory Penalties and any other
damages or penalties other than or in addition to payment of policy
benefits. The foregoing terms are defined as follows:
"Punitive Damages" are those damages awarded as a penalty, the amount of
which is neither governed nor fixed by statute.
"Compensatory Damages" are those amounts awarded to compensate for the
actual damages sustained, and are not awarded as a penalty, nor fixed in
amount by statute.
"Statutory Penalties" are those amounts awarded as a penalty, but are
fixed in amount by statute.
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ARTICLE 10
CREDIT FOR RESERVES
10.1 The Parties intend that the Ceding Company will receive statutory reserve
credit in its state of domicile for the insurance risks ceded to the
Reinsurer. The Parties agree to make all reasonable efforts to ensure
that this is accomplished. The Ceding Company does not expect to receive
statutory reserve credit for any necessary deficiency reserves.
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ARTICLE 11
RETENTION LIMIT CHANGES
11.1 The Ceding Company reserves the right to change its retention limits as
shown in Exhibit A - Retention Limits of the Ceding Company, in which
case it will provide the Reinsurer with written notice of the intended
changes ninety (90) days in advance of their effective date. The Ceding
Company may increase the percentage used to determine its Retained Share
under this Agreement, its Per Life Retention Limit, or both.
A change to the Ceding Company's retention limits will not affect the
reinsured policies in force except as may be provided for in Article 12.
Furthermore, such a change will not affect the Automatic Binding Limits
in Exhibit B unless mutually agreed in writing by the parties.
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ARTICLE 12
RECAPTURE
12.1 Except as provided in Article 6.5 hereto relating to Premium Rates and
Article 16 hereto relating to Insolvency, covered policies will not
automatically be eligible for recapture, whether due to an increase in
the Ceding Company's retention or otherwise, unless otherwise agreed upon
in writing by the parties. The Reinsurer will consider the Ceding
Company's request for recapture contingent upon the development of
mutually agreeable terms.
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ARTICLE 13
GENERAL PROVISIONS
13.1 CURRENCY
All payments and reporting by both parties under this Agreement will be
made in United States dollars.
13.2 PREMIUM TAX
The Reinsurer will not reimburse the Ceding Company for premium taxes.
13.3 MINIMUM CESSION
There are no minimum initial automatic cession limits under this
Agreement.
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13.4 INSPECTION OF RECORDS
The Reinsurer, or its duly appointed representatives, will have access to
all records of the Ceding Company, whether written or electronic, for the
purpose of inspecting, auditing, and photocopying those records. All such
records and any copies thereof shall be subject to the confidentiality
provisions of Article 20 herein and treated as Proprietary Information as
that term is defined in Article 20.
The Reinsurer's inspection, audit, or photocopying of records will be
limited to records related to the business reinsured under this
Agreement, including but not limited to, underwriting, claims, and
administration and will not apply:
a) to privileged information;
b) during the pendency of any related arbitration except as permitted
by the arbitrators;
c) to records related to the reinsurance bidding process for this
Agreement;
d) financial and other records related to Agreement's performance;
e) to records related to any proposed or actual transfer or sale of
the business reinsured or any retrocession, securitization, or
structured, asset-backed or asset-based financing by the Ceding
Company;
f) analysis related to the Reinsurer's business procedures and
practices; or
g) records relating to any other reinsurer unless it affects rights or
obligations of the Reinsurer under this Agreement.
The Ceding Company, or its duly appointed representatives, will have
access to all records of the Reinsurer, whether written or electronic,
for the purpose of inspecting, auditing, and photocopying those records.
The Ceding Company's inspection, audit, or photocopying of records will
be limited to records related to the administration of this Agreement and
will not apply:
a) to privileged information;
b) during the pendency of any related arbitration except as permitted
by the arbitrators;
c) to records related to the reinsurance bidding process for this
Agreement;
d) financial and other records related to the Agreement's performance;
e) to records related to any retrocession, securitization, or
structured, asset-backed or asset- based financing by the
Reinsurer; or
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f) analysis related to the Ceding Company's business procedures and
practices.
Such access will be provided at the office of the party being inspected
and will be during reasonable business hours. The right of access as
specified above will survive until all of the obligations under this
Agreement have terminated or been fully discharged.
13.5 INTEREST RATE
If, under the terms of this Agreement, interest is accrued on amounts due
either party, such interest will be calculated using the ninety (90) day
Federal Government Treasury Xxxx rate as reported in the Wall Street
Journal in the month following the end of the billing period plus fifty
(50) basis points. The method of calculation will be simple interest
"Bankers' Rule" (or three hundred sixty (360) day year).
13.6 NOTICES
Notices made by either party for purposes of Articles 6, 11, 12, 16, 18,
19, and 22 (or for the purpose of changing the address or addressee
information contained in this Article 13.6) shall be in writing and
signed by an authorized officer of the notifying party. Such notices
shall be deemed to have been duly given on the date of delivery, if
delivered personally, or on the date postmarked if sent by certified
mail. Notice must be properly addressed as follows:
(a) The Ceding Company:
[name]
Reinsurance Officer
000 Xxxxxxxxxx Xxxxxxxxx Xxxxxx
Xxxxxxxxxxx, XX 00000
(b) The Reinsurer:
[name]
[title]
[name of reinsurance company]
[address, city and state of reinsurance company]
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All other communications between the parties under this Agreement may be
effected by authorized personnel by telephone, electronic mail, facsimile
transmission, written correspondence or other commercially reasonable and
customary means of communication.
13.7 GOVERNING LAW
This Agreement shall be governed by and construed in accordance with the
laws of the State of Minnesota notwithstanding any state's choice of law
rules to the contrary. In the event it should become necessary for the
Ceding Company to seek enforcement of an arbitration award or decision
through legal process as provided for in Article 19 below, the Reinsurer
agrees to submit to the jurisdiction of any court of competent
jurisdiction within the United States and will comply with all
requirements necessary to give such court jurisdiction with respect to
the matters arising hereunder.
13.8 SURVIVAL
All provisions of this Agreement will survive its termination to the
extent necessary to carry out the purposes of this Agreement or to
ascertain and enforce the parties' rights and obligations hereunder
existing at the time of termination.
13.9 NON-WAIVER
No waiver by either party of any violation or default by the other party
in the performance of any promise, term, or condition of this Agreement
will be construed to be a waiver by such party of any other or subsequent
default in performance of the same or any other promise, term or
condition of this Agreement. No prior transactions or dealing between the
parties will be deemed to establish any custom or usage waiving or
modifying any provision hereof. The failure of either party to enforce
any part of this Agreement will not constitute a waiver by such party of
its right to do so, nor will it be deemed to be an act of ratification or
consent.
13.10 NON-TRANSFERABILITY
The Reinsurer may sell, transfer, assign, reinsure or retrocede any risks
or business assumed hereunder to third parties, but unless Reinsurer
obtains Ceding Company's prior written consent, Reinsurer remains fully
and primarily liable for all obligations under this Agreement.
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ARTICLE 14
DAC TAX
14.1 The parties to this Agreement agree to the following provisions pursuant
to Section 1.848-2(g)(8) of the Income Tax Regulations (26 C.F.R.).
(a) The term 'party' refers to either the Ceding Company or the
Reinsurer, as appropriate.
(b) The terms used in this Article are defined by reference to
Regulation 1.848-2.
(c) The party with the net positive consideration for this Agreement
for each taxable year will capitalize specified policy acquisition
expenses with respect to this Agreement without regard to the
general deductions limitation of Section 848(c)(l).
(d) Both parties agree to exchange information pertaining to the amount
of net consideration under this Agreement each year to ensure
consistency, or as otherwise required by the Internal Revenue
Service.
(e) The Ceding Company will submit a schedule to the Reinsurer by April
1 of each year with its calculation of the net consideration for
the preceding calendar year. This schedule of calculations will be
accompanied by a statement signed by an officer of the Ceding
Company stating that the Ceding Company will report such net
consideration in its tax return for the preceding calendar year.
The Reinsurer may contest such calculation by providing an
alternative calculation to the Ceding Company in writing within
sixty (60) days of the Reinsurer's receipt of the Ceding Company's
calculation. If the Reinsurer does not so advise the Ceding Company
within the required timeframe, the Reinsurer will report the net
consideration as determined by the Ceding Company in the
Reinsurer's tax return for the previous calendar year.
(f) If the Reinsurer contests the Ceding Company's calculation of the
net consideration, the parties will act in good faith to reach an
agreement as to the correct amount within thirty (30) days of the
date the Reinsurer submits its alternative calculation. If the
Ceding Company and the Reinsurer reach an agreement on an amount of
net consideration, each party will report the agreed upon amount in
its tax return for the previous calendar year. In the event that
the parties fail to reach an agreement, the Ceding Company's
calculation shall be used in the event the difference between the
calculations results in net consideration that is less than [dollar
amount]. In the event that the parties do not reach an agreement
and the difference in calculations of net considerations is [dollar
amount] or greater, the parties agree that the determination shall
be made by an outside accounting firm to be agreed upon by both
parties that is not the current auditor of either company whose
fees in regard to this matter will be split evenly by the Ceding
Company and Reinsurer. The decision of the accounting firm shall be
final.
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(g) The election made by this Article shall be effective in the first
taxable year for which the Agreement is in effect. Each party
agrees to attach a schedule to its federal income tax return for
the first year in which the election is effective that identifies
this Agreement as one for which an election is made under Section
1.848-2(g)(8).
(h) Both the Ceding Company and the Reinsurer represent and warrant
that they are subject to United States taxation under either
Subchapter L or Subpart F of Part III of Subchapter N of the
Internal Revenue Code of 1986, as amended.
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ARTICLE 15
OFFSET
15.1 Any debts or credits, in favor of or against either the Reinsurer or the
Ceding Company with respect to this Agreement or any other reinsurance
agreement between the parties, are deemed mutual debts or credits and
will be offset and only the balance will be allowed or paid.
The right of offset will not be affected or diminished because of the
insolvency of either party.
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ARTICLE 16
INSOLVENCY
16.1 INSOLVENCY OF A PARTY TO THIS AGREEMENT
A party to this Agreement will be deemed insolvent when it:
(a) applies for or consents to the appointment of a receiver,
rehabilitator, conservator, liquidator or statutory successor of
its properties or assets; or
(b) is adjudicated as bankrupt or insolvent; or
(c) files or consents to the filing of a petition in bankruptcy, seeks
reorganization or takes advantage of any bankruptcy, dissolution,
liquidation or similar law or statute; or
(d) becomes the subject of an order to rehabilitate or an order to
liquidate as defined by the insurance code of the jurisdiction of
the party's domicile.
16.2 INSOLVENCY OF THE CEDING COMPANY
In the event of the insolvency of the Ceding Company, all reinsurance
payments will be payable directly to the liquidator, rehabilitator,
receiver, or statutory successor of the Ceding Company, without
diminution because of the insolvency, for those claims allowed against
the Ceding Company by any court of competent jurisdiction or by the
liquidator, rehabilitator, receiver or statutory successor having
authority to allow such claims.
In the event of insolvency of the Ceding Company, the liquidator,
rehabilitator, receiver, or statutory successor will give written notice
to the Reinsurer of all pending claims against the Ceding Company on any
policies reinsured within a reasonable time after such claim is filed in
the insolvency proceeding. While a claim is pending, the Reinsurer may
investigate and interpose, at its own expense, in the proceeding where
the claim is adjudicated, any defense or defenses that it may deem
available to the Ceding Company or its liquidator, rehabilitator,
receiver, or statutory successor.
The expense incurred by the Reinsurer will be chargeable, subject to
court approval, against the Ceding Company as part of the expense of
liquidation to the extent of a proportionate share of the benefit that
may accrue to the Ceding Company solely as a result of the defense
undertaken by the Reinsurer. Where two or more reinsurers are
participating in the same claim and a majority in interest elect to
interpose a defense or defenses to any such claim, the expense will be
apportioned in accordance with the terms of this Agreement as though such
expense had been incurred by the Ceding Company.
The Reinsurer will be liable only for its proportionate share of the
amounts reinsured and will not be or become liable for any amounts or
reserves to be held by the Ceding Company on policies reinsured under
this Agreement.
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16.3 INSOLVENCY OF THE REINSURER
In the event of the Reinsurer's insolvency and upon giving written notice
to the Reinsurer, the Ceding Company may, at its option, immediately
terminate this Agreement with respect to the reinsurance of new business
and may recapture all of the business reinsured by the Reinsurer under
this Agreement.
Any recapture fee will be mutually agreed upon by the Ceding Company and
the Reinsurer, its rehabilitator, conservator, liquidator or statutory
successor.
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ARTICLE 17
ERRORS AND OMISSIONS
17.1 If through unintentional error, oversight, omission, or misunderstanding
(collectively referred to as "errors"), the Reinsurer or the Ceding
Company fails to comply with the terms of this Agreement and if, upon
discovery of the error by either party, the other is promptly notified
and corrective action is promptly taken, each thereupon will be restored
to the position it would have occupied if the error had not occurred,
including interest. It is understood, however, that interest will not be
included when routine underpayments or overpayments of reinsurance
premiums are discovered and promptly corrected according to the terms of
this Agreement.
If it is not possible to restore each party to the position it would have
occupied but for the error, the parties will endeavor in good faith to
promptly resolve the situation in a manner that is fair and reasonable,
and most closely approximates the intent of the parties as evidenced by
this Agreement.
This Article 17 will apply only to oversights, misunderstandings, or
clerical errors relating to the administration of reinsurance covered by
this Agreement; however the limitation on applicability of this Article
shall not be construed as overriding the provision in Article 2
concerning unintentional underwriter mistakes nor shall it be construed
to limit any other rights of the Ceding Company under this Agreement.
Additionally, the Reinsurer will not provide reinsurance for policies
that do not satisfy the parameters of this Agreement, nor will the
Reinsurer be responsible for grossly negligent or deliberate acts in
administration by the Ceding Company. If either party discovers that the
other party has failed to cede or accept reinsurance as provided in this
Agreement, or failed to comply with its reporting requirements, the party
at fault may be requested to audit its records for similar errors and to
take the actions necessary to rectify the situation and avoid similar
errors in the future.
It is understood Ceding Company may make corrections regarding individual
policies ceded to Reinsurer, provided such corrections are reflected in
the monthly reports described in Exhibit E - Self-Administered Reporting
on the report of changes and terminations or other appropriate
transaction report.
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ARTICLE 18
DISPUTE RESOLUTION
18.1 In the event of a dispute, the parties agree to the following process of
dispute resolution. Within fifteen (15) days after the Reinsurer or the
Ceding Company has first given the other party written notification of a
specific dispute, each party will appoint a designated company officer to
attempt to resolve the dispute. The officers will meet at a mutually
agreeable location as soon as possible and as often as necessary, in
order to gather and furnish the other with all appropriate and relevant
information concerning the dispute. The officers will discuss the problem
and will negotiate in good faith without the necessity of any formal
arbitration proceedings. During the negotiation process, all reasonable
requests made by one officer to the other for information will be
honored. The designated officers will decide the specific format for such
discussions.
If the officers cannot resolve the dispute within thirty (30) days of
their first meeting, the dispute will be submitted to formal arbitration
pursuant to Article 19 - Arbitration, unless the parties agree in writing
to extend the negotiation period for an additional thirty (30) days.
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ARTICLE 19
ARBITRATION
19.1 The parties agree to act in all matters with the highest good faith.
However, if the Reinsurer and the Ceding Company cannot mutually resolve
a dispute that arises out of or relates to this Agreement, and the
dispute cannot be resolved through the dispute resolution process
described in Article 18 - Dispute Resolution, the dispute will be decided
through arbitration as a precedent to any right of action hereunder.
To initiate arbitration, either the Ceding Company or the Reinsurer will
notify the other party in writing of its desire to arbitrate, stating the
nature of its dispute and the remedy sought. The party to which the
notice is sent will respond to the notification in writing within fifteen
(15) days of its receipt.
There will be three arbitrators who will be current or former officers of
life insurance or life reinsurance companies other than the parties to
this Agreement, their affiliates or subsidiaries. Each of the parties
will appoint one of the arbitrators and these two arbitrators will select
the third. If either party refuses or neglects to appoint an arbitrator
within sixty (60) days of the initiation of the arbitration, the other
party may appoint the second arbitrator. If the two arbitrators do not
agree on a third arbitrator within thirty (30) days of the appointment of
the second arbitrator, then the appointment of the third arbitrator will
be left to the XXXXX-U.S (the XXXX Reinsurance & Insurance Arbitration
Society).
Once chosen, the arbitrators are empowered to select the site of the
arbitration and decide all substantive and procedural issues by a
majority of votes. As soon as possible, the arbitrators will establish
arbitration procedures as warranted by the facts and issues of the
particular case. The arbitrators will have the power to determine all
procedural rules of the arbitration including but not limited to
inspection of documents, examination of witnesses and any other matter
relating to the conduct of the arbitration. The arbitrators may consider
any relevant evidence; they will weigh the evidence and consider any
objections. Each party may examine any witnesses who testify at the
arbitration hearing.
It is the intention of the parties that the customs and practices of the
life insurance and reinsurance industries will be considered by the
arbitrators in resolving any ambiguities inherent in this Agreement or
its operation but only insofar as they are not inconsistent with the
terms of this Agreement. The decision of the arbitrators will be made by
majority rule and will be submitted in writing. The decision will be
final and binding on both parties and there will be no appeal from the
decision. Either party to the arbitration may petition any court having
jurisdiction over the parties to reduce the decision to judgment.
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Unless the arbitrators decide otherwise, each party will bear the expense
of its own arbitration activities, including its appointed arbitrator and
any outside attorney and witness fees. The parties will jointly and
equally bear the expense of the third arbitrator and other costs of the
arbitration.
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ARTICLE 20
CONFIDENTIALITY
20.1 The Ceding Company and the Reinsurer agree that Customer and Proprietary
Information belonging to the other party will be treated as confidential.
Customer Information includes, but is not limited to, medical, financial,
and other personal information about proposed, current, and former
policyowners, insureds, applicants, and beneficiaries of policies issued
by the Ceding Company. Proprietary Information includes, but is not
limited to, business plans and trade secrets, mortality and lapse
studies, underwriting manuals and guidelines, applications and contract
forms, and the specific terms and conditions of this Agreement.
Customer and Proprietary Information will not include information that:
(a) is or becomes available to the general public through no fault of
the party receiving the Customer or Proprietary Information (the
"Recipient");
(b) is independently developed by the Recipient;
(c) is acquired by the Recipient from a third party not covered by a
confidentiality agreement; or
(d) is disclosed under a court order, law or regulation.
The parties will not disclose Customer and Proprietary Information
belonging to or received from the other party, to any other parties
unless agreed to in writing, except as necessary for retrocession
purposes, as requested by external auditors, as required by court order,
or as required or allowed by law or regulation. In no event will
information pertaining to the policyholders, insureds and clients of the
Ceding Company be disclosed to a third party by Reinsurer if such
disclosure would constitute or cause a violation of state or federal
privacy laws.
The Ceding Company acknowledges that the Reinsurer can aggregate data
with other companies reinsured with the Reinsurer for its own internal
purposes. However, the Reinsurer shall not disclose or release the
aggregate data to any third party in a manner that would allow, directly
or indirectly, identification of the Ceding Company or any specific
policyholder based on name, address, social security number, or other
personally identifiable information or characteristic.
Ceding Company shall be responsible for obtaining, to the extent required
by law, appropriate consent of the insured to enable the parties to
collect, use, and disclose the insured's customer information for
purposes of conducting business under this Agreement.
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ARTICLE 21
SEVERABILITY
21.1 If any provision of this Agreement is determined to be invalid or
unenforceable, such determination will not impair or affect the validity
or the enforceability of the remaining provisions of this Agreement.
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ARTICLE 22
DURATION OF AGREEMENT
22.1 This Agreement is unlimited as to its duration. The Ceding Company or the
Reinsurer may terminate this Agreement with respect to the reinsurance of
new business by giving ninety (90) days written notice of termination to
the other party, sent by certified mail. The first day of the notice
period is deemed to be the date the document is postmarked.
During the notification period, the Ceding Company will continue to cede
and the Reinsurer will continue to accept policies covered under the
terms of this Agreement. Reinsurance coverage on all reinsured policies
will remain in force until the termination or expiry of the policies or
until the contractual termination of reinsurance under the terms of this
Agreement.
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ARTICLE 23
EXECUTION
23.1 This Agreement is effective as of August 30, 2005 and applies to all
eligible policies with issue dates on or after such date, and to eligible
policies applied for on or after such date that were backdated for up to
six (6) months. This Agreement has been made in duplicate and is hereby
executed by both parties.
[NAME OF REINSURANCE COMPANY] [NAME OF REINSURANCE COMPANY]
By: /s/ Xxxxxxx X. Xxxxxxxx By: [signature]
--------------------------------------------- ---------------------------------------------
(signature) (signature)
Xxxxxxx X. Xxxxxxxx [name]
--------------------------------------------- ---------------------------------------------
(print or type name) (print or type name)
Title: President Title: [title]
--------------------------------------------- ---------------------------------------------
Date: 12-30-05 Date: 12-28-05
--------------------------------------------- ---------------------------------------------
Location: Minneapolis, MN Location: [city and state of reinsurance company]
--------------------------------------------- ---------------------------------------------
Attest: /s/ Xxxxxxx X. Xxxxxxxx Attest: [signature]
--------------------------------------------- ---------------------------------------------
(signature) (signature)
Title: Reinsurance Officer Title: [title]
--------------------------------------------- ---------------------------------------------
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EXHIBIT A
RETENTION LIMITS OF THE CEDING COMPANY
A.1 LIFE INSURANCE
----------------------------------
Per Life Retention
Issue Age Limit
(All Ratings)
----------------------------------
[ages] [dollar amount]
----------------------------------
[ages] [dollar amount]
----------------------------------
For purposes of determining Per Life Retention on automatically ceded
business, Ceding Company will retain [percentage] of the Specified Amount
of any base policy or rider up to the Per Life Retention Limit as
specified in the above chart. Calculation of Retained Share, in cases
where the Per Life Retention Limit is reached, is explained below.
In determining whether the Per Life Retention Limit has been reached for
any insured life, retained amounts on all in force single life coverages
(and one-half of the retained amounts on joint life coverages) issued by
the Ceding Company, except for the VUL III plan, will be added together
to determine the Ceding Company's available retention for policies
reinsured under this Agreement; such retained amounts to be determined
based on records maintained by the Ceding Company. The Ceding Company's
retention will be filled in the following order: (i) in force policies
other than VUL III issued prior to the issuance of the Base Policy (the
policy reinsured under this Agreement); (ii) the Base Policy; (iii) Base
Insured Rider, if any; (iv) policies issued subsequent to the issuance of
the Base Policy. The Per Life Retention Limit applies to risk retained by
the Ceding Company regardless of whether the policies on the life are
reinsured on an automatic or facultative basis.
Retained Share means that portion of the Net Amount at Risk which is not
ceded to reinsurers. Retained Share for automatic business shall mean the
amount produced by the following formula: [(a divided by b) times c]
where:
"a" equals [percentage] of the Specified Amount up to the amount that
would cause Ceding Company to exceed its Per Life Retention Limit;
"b" is the Specified Amount; and
"c" is the Net Amount at Risk.
Retained Share for facultative cessions will be determined by the same
formula but the percentage used in the calculation shall be determined by
the Ceding Company on a case-by-
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case basis at the time of issue, provided the amount retained is not
inconsistent with the terms of the facultative offer accepted by the
Ceding Company. For facultative policies, it is understood the Ceding
Company may at its option retain an amount more or less than its normal
retention as described above, unless otherwise specified in the
Reinsurer's facultative offer.
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EXHIBIT B
PLANS COVERED AND BINDING LIMITS
The business reinsured under this Agreement is defined as follows:
B.1 PLANS AND RIDERS
Policies issued on plans with effective dates on or after the
Commencement Date shown below qualify for reinsurance under the terms of
this Agreement. It is understood that policies may be backdated by up to
six (6) months from the date shown below.
COMMENCEMENT
PLAN IDENTIFICATION DATE
---------------------------------------------------------------------------------------
VUL-IV (Form 30061 with endorsements 132024 and 130701) Aug. 30, 2005
RIDERS:
Automatic Increasing Benefit Rider (AIBR) (Form 30965) Aug. 30, 2005
Base Insured Rider (BIR) (Form 132023) Aug. 30, 2005
Other Insured Rider (OIR) (Form 30450) Aug. 30, 2005
Exchange of Insured Rider (EOI) (Form 132114)
It is understood and agreed the Agreement also covers other policy form
and endorsement numbers for the above plans that may vary for specific
states.
B.2 BASIS
Cessions may be automatic, capacity facultative, or non-capacity
facultative. Only mortality risk will be reinsured under this Agreement.
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Automatic cessions shall be on a first dollar quota share basis with the
Ceding Company retaining its Retained Share as described in Exhibit A.
For automatic cessions, Net Amount at Risk in excess of the Retained
Share will be ceded to a pool of reinsurers, subject to the Automatic
Binding Limits and Jumbo Limits set forth herein.
Reinsurer's Percentage Share for purposes of calculating the Reinsured
Net Amount at Risk is [percentage]. Reinsured Net Amount at Risk is as
defined in Article 5.
Facultative cessions will be negotiated on a case-by-case basis. Ceding
Company at its discretion may submit any policy for facultative
consideration rather than automatic cession or in cases where automatic
capacity has been exhausted. For facultative cessions, the Ceding
Company's Retained Share and the Reinsured Net Amount at Risk shall be
determined in the manner described in Exhibit A.
Reinsurer may choose not to provide a facultative quote if the proposed
policy face amount is under [dollar amount] for an applicant under age 70
(under [dollar amount] if applicant is age 70 or over). However,
Reinsurer will honor any facultative offer made subject to the provisions
of Article 3.1, and any subsequent reduction in proposed or actual face
amount will not affect the validity of a facultative offer made by or
facultative coverage placed with the Reinsurer.
B.3 AUTOMATIC BINDING LIMITS
Life
-----------------------------------------------------------------------
Issue Age Standard - Table D Table E - H Table I - P
-----------------------------------------------------------------------
[ages] [dollar amount] [dollar amount] [dollar amount]
-----------------------------------------------------------------------
[ages] [dollar amount] [dollar amount] [dollar amount]
-----------------------------------------------------------------------
[ages] [dollar amount] [dollar amount] [dollar amount]
-----------------------------------------------------------------------
The Ceding Company may not cede reinsurance automatically if the sum of
all amounts in force and applied for on the same life with the Ceding
Company, excluding amounts being internally replaced, exceeds the above
Automatic Binding Limits. These Automatic Binding Limits include any
amounts within the Ceding Company's retention.
Increased policy amounts elected under the terms of the Automatic
Increasing Benefit Rider will not be taken into account for automatic and
jumbo limits, provided that the total of all increases to the Specified
Amount of a single policy cannot exceed seven hundred fifty thousand
dollars [dollar amount].
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If an applicant has existing joint life coverage inforce with Ceding
Company, the full face amount of the joint life policy will be included
in the total inforce risk on the life for the purposes of the application
of automatic and jumbo limits.
B.4 JUMBO LIMITS
-------------------------------------------
Issue Age Jumbo Limit
-------------------------------------------
[ages] [dollar amount]
-------------------------------------------
[ages] [dollar amount]
-------------------------------------------
The Ceding Company will not cede any risk automatically if, according to
information available to the Ceding Company, the total amount in force
and applied for on the life with all insurance companies, including any
amount to be replaced, exceeds the applicable amounts shown above.
B.5 CONDITIONAL RECEIPT OR TEMPORARY INSURANCE AGREEMENT
The Reinsurer's liability will not exceed its proportionate share of
a) [dollar amount], or
b) [dollar amount] if the amount is ordered by court of competent
jurisdiction or the result of a settlement with the beneficiary.
B.6 CESSION LIMITS
Minimum Initial Cession: None.
B.7 INTERNATIONAL RISKS
Ceding Company may automatically cede risk on any international client in
accordance with the eligibility criteria and application requirements set
forth in the Ceding Company's "Guidelines for Underwriting International
Clients". The parties acknowledge that the guidelines in use as of the
effective date have been supplied to and approved by the Reinsurer.
The Ceding Company will promptly notify the Reinsurer of any proposed
material changes in its "Guidelines for Underwriting International
Clients". This Agreement will not extend to policies issued pursuant to
such changes unless the Reinsurer has consented in writing to accept
policies subject to such changes.
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EXHIBIT C
FORMS, MANUALS, AND ISSUE RULES
C.1 The parties affirm that Ceding Company's retention schedule, underwriting
guidelines, issue rules, premium rates and policy forms applicable to the
reinsured policies and in use as of the effective date have been supplied
to and accepted by the Reinsurer.
It is the Ceding Company's responsibility to ensure that its practices
and applicable forms are in compliance with current Medical Information
Bureau (MIB) guidelines.
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EXHIBIT D
REINSURANCE PREMIUMS
D.1 PREMIUMS AND ALLOWANCES
Plans covered under this Agreement will be reinsured on a YRT basis.
Reinsurance premium rates per $1000 Net Amount at Risk shall equal the
2001 Valuation Basic Mortality (VBT) ALB Select and Ultimate rates, as
modified by the Ceding Company and expressed in the table attached hereto
as Schedule D-l, less the following allowances:
-----------------------------------------------------------------------------------------
Specified Amount Specified Amount
$50,000-$99,999 $100,000+
-----------------------------------------------------------------------------------------
Durations 1 + Durations 1 +
Ages Ages Ages Ages
0 - 69 70 - 85 0 - 69 70 - 85
Super Preferred Non-Tobacco [percentage] [percentage] [percentage] [percentage]
Preferred Non-Tobacco [percentage] [percentage] [percentage] [percentage]
Standard Non-Tobacco [percentage] [percentage] [percentage] [percentage]
Preferred Tobacco [percentage] [percentage] [percentage] [percentage]
Standard Tobacco [percentage] [percentage] [percentage] [percentage]
------------------------------------------------------------------------------------------
Total Specified Amount shall be the sum of the Specified Amounts of the
Base Policy and any Base Insured Rider. Total Specified Amount will be
recalculated whenever there is a policy change that increases or
decreases Specified Amount.
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To determine the amount of reinsurance premium to be paid by the Ceding
Company to the Reinsurer, these reinsurance premium rates will be applied
to the Reinsured Net Amount at Risk for each policy determined as of the
last policy anniversary or subsequent policy change date if applicable.
For juvenile policies up to attained age of twenty years old, Standard
Non-Tobacco rates shall be used for purposes of calculating premiums and
allowances. Any bracketed amount in the above table represents a negative
allowance resulting in payment by Ceding Company to the Reinsurer of the
applicable reinsurance premium rates plus the indicated percentage.
D.2 AGE BASIS
Age Last Birthday
D.3 POLICY FEES
The Reinsurer will not participate in any policy fees.
D.4 SUBSTANDARD PREMIUMS
Substandard multiple ratings will be applied to increase the underlying
reinsurance premium rates by [percentage]per table of assessed rating,
and the normal base allowance will be paid on the entire amount.
When flat extras are applied, the following allowances will be paid on
the extra premium portion:
Temporary (five years or less): [percentage] for first year and all
renewal years Permanent (over five years): [percentage] for first year
and [percentage] for all renewal years
D.5 RIDERS AND BENEFITS
AIBR (Automatic Increase Benefit Rider) - Elected increases will be
proportionately reinsured using the premiums for the base coverage, at
point-in-scale.
BIR (Base Insured Rider) and OIR (Other Insured Rider) - These riders
will be proportionately reinsured using the same premium rates scale as
used for the base coverage.
ACCELERATED DEATH BENEFIT - If IDS Life pays an accelerated death benefit
under the terms of the policy contract, the reinsurance coverage will
continue unaffected until the death of the insured.
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EXCHANGE OF INSURED RIDER - Exercise of rider to replace insured life
subject to full underwriting; reinsurance coverage, whether automatic or
facultative, to be provided for same amount of coverage as new business.
The following benefits are not reinsured under this Agreement:
Waiver of Monthly Deduction Rider (WMD)
Children's Insurance Rider (CIR)
Accidental Death Benefit Rider (ADB)
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SCHEDULE D-1
Basis for Reinsurance Premiums
2001 Valuation Basic Mortality Table ALB -- Select and Ultimate
Rate Per $1000 Before Allowances
ISSUE DURATION
-------------------------------------------------------------------------------------------------------
Age 1 2 3 4 5 6 7 8 9 10 11 12 13
-------------------------------------------------------------------------------------------------------
Male Non-tobacco 0
-------------------------------------------------------------------------------------------------------
Male Non-tobacco 1
-------------------------------------------------------------------------------------------------------
Male Non-tobacco 2
-------------------------------------------------------------------------------------------------------
Male Non-tobacco 3
-------------------------------------------------------------------------------------------------------
Male Non-tobacco 4
-------------------------------------------------------------------------------------------------------
Male Non-tobacco 5
-------------------------------------------------------------------------------------------------------
Male Non-tobacco 6
-------------------------------------------------------------------------------------------------------
Male Non-tobacco 7
-------------------------------------------------------------------------------------------------------
Male Non-tobacco 8
-------------------------------------------------------------------------------------------------------
Male Non-tobacco 9
-------------------------------------------------------------------------------------------------------
Male Non-tobacco 10
-------------------------------------------------------------------------------------------------------
Male Non-tobacco 11
-------------------------------------------------------------------------------------------------------
Male Non-tobacco 12
-------------------------------------------------------------------------------------------------------
Male Non-tobacco 13
-------------------------------------------------------------------------------------------------------
Male Non-tobacco 14
-------------------------------------------------------------------------------------------------------
Male Non-tobacco 15
-------------------------------------------------------------------------------------------------------
Male Non-tobacco 16
-------------------------------------------------------------------------------------------------------
Male Non-tobacco 17
-------------------------------------------------------------------------------------------------------
Male Non-tobacco 18
-------------------------------------------------------------------------------------------------------
Male Non-tobacco 19
-------------------------------------------------------------------------------------------------------
Male Non-tobacco 20
-------------------------------------------------------------------------------------------------------
Male Non-tobacco 21
-------------------------------------------------------------------------------------------------------
Male Non-tobacco 22
-------------------------------------------------------------------------------------------------------
Male Non-tobacco 23
-------------------------------------------------------------------------------------------------------
Male Non-tobacco 24
-------------------------------------------------------------------------------------------------------
Male Non-tobacco 25
-------------------------------------------------------------------------------------------------------
ISSUE DURATION ATT
-------------------------------------------------------------------------------------------------------------
Ulti-
Age 14 15 16 17 18 19 20 21 22 23 24 25 mate Age
-------------------------------------------------------------------------------------------------------------
Male Non-tobacco 0
-------------------------------------------------------------------------------------------------------------
Male Non-tobacco 1
-------------------------------------------------------------------------------------------------------------
Male Non-tobacco 2
-------------------------------------------------------------------------------------------------------------
Male Non-tobacco 3
-------------------------------------------------------------------------------------------------------------
Male Non-tobacco 4
-------------------------------------------------------------------------------------------------------------
Male Non-tobacco 5
-------------------------------------------------------------------------------------------------------------
Male Non-tobacco 6
-------------------------------------------------------------------------------------------------------------
Male Non-tobacco 7
-------------------------------------------------------------------------------------------------------------
Male Non-tobacco 8
-------------------------------------------------------------------------------------------------------------
Male Non-tobacco 9
-------------------------------------------------------------------------------------------------------------
Male Non-tobacco 10
-------------------------------------------------------------------------------------------------------------
Male Non-tobacco 11
-------------------------------------------------------------------------------------------------------------
Male Non-tobacco 12
-------------------------------------------------------------------------------------------------------------
Male Non-tobacco 13
-------------------------------------------------------------------------------------------------------------
Male Non-tobacco 14
-------------------------------------------------------------------------------------------------------------
Male Non-tobacco 15
-------------------------------------------------------------------------------------------------------------
Male Non-tobacco 16
-------------------------------------------------------------------------------------------------------------
Male Non-tobacco 17
-------------------------------------------------------------------------------------------------------------
Male Non-tobacco 18
-------------------------------------------------------------------------------------------------------------
Male Non-tobacco 19
-------------------------------------------------------------------------------------------------------------
Male Non-tobacco 20
-------------------------------------------------------------------------------------------------------------
Male Non-tobacco 21
-------------------------------------------------------------------------------------------------------------
Male Non-tobacco 22
-------------------------------------------------------------------------------------------------------------
Male Non-tobacco 23
-------------------------------------------------------------------------------------------------------------
Male Non-tobacco 24
-------------------------------------------------------------------------------------------------------------
Male Non-tobacco 25
-------------------------------------------------------------------------------------------------------------
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SCHEDULE D-1
Basis for Reinsurance Premiums
2001 Valuation Basic Mortality Table ALB -- Select and Ultimate
Rate Per $1000 Before Allowances
ISSUE DURATION
----------------------------------------------------------------------------------------------------------
Age 1 2 3 4 5 6 7 8 9 10 11 12 13
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
ISSUE DURATION ATT
---------------------------------------------------------------------------------------------------------------
Ulti-
Age 14 15 16 17 18 19 20 21 22 23 24 25 mate Age
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
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SCHEDULE D-1
Basis for Reinsurance Premiums
2001 Valuation Basic Mortality Table ALB -- Select and Ultimate
Rate Per $1000 Before Allowances
ISSUE DURATION
----------------------------------------------------------------------------------------------------------
Age 1 2 3 4 5 6 7 8 9 10 11 12 13
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
ISSUE DURATION ATT
---------------------------------------------------------------------------------------------------------------
Ulti-
Age 14 15 16 17 18 19 20 21 22 23 24 25 mate Age
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
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SCHEDULE D-1
Basis for Reinsurance Premiums
2001 Valuation Basic Mortality Table ALB -- Select and Ultimate
Rate Per $1000 Before Allowances
ISSUE DURATION
----------------------------------------------------------------------------------------------------------
Age 1 2 3 4 5 6 7 8 9 10 11 12 13
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
==========================================================================================================
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
ISSUE DURATION ATT
---------------------------------------------------------------------------------------------------------------
Ulti-
Age 14 15 16 17 18 19 20 21 22 23 24 25 mate Age
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
===============================================================================================================
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
D-7
IDSL - [redacted]
VUL IL Plus/VUL IV Plus-ES
Doc# 2085783
SCHEDULE D-1
Basis for Reinsurance Premiums
2001 Valuation Basic Mortality Table ALB -- Select and Ultimate
Rate Per $1000 Before Allowances
ISSUE DURATION
----------------------------------------------------------------------------------------
Age 1 2 3 4 5 6 7 8 9 10 11 12 13
----------------------------------------------------------------------------------------
Female Non-tobacco 3
----------------------------------------------------------------------------------------
Female Non-tobacco 4
----------------------------------------------------------------------------------------
Female Non-tobacco 5
----------------------------------------------------------------------------------------
Female Non-tobacco 6
----------------------------------------------------------------------------------------
Female Non-tobacco 7
----------------------------------------------------------------------------------------
Female Non-tobacco 8
----------------------------------------------------------------------------------------
Female Non-tobacco 9
----------------------------------------------------------------------------------------
Female Non-tobacco 10
----------------------------------------------------------------------------------------
Female Non-tobacco 11
----------------------------------------------------------------------------------------
Female Non-tobacco 12
----------------------------------------------------------------------------------------
Female Non-tobacco 13
----------------------------------------------------------------------------------------
Female Non-tobacco 14
----------------------------------------------------------------------------------------
Female Non-tobacco 15
----------------------------------------------------------------------------------------
Female Non-tobacco 16
----------------------------------------------------------------------------------------
Female Non-tobacco 17
----------------------------------------------------------------------------------------
Female Non-tobacco 18
----------------------------------------------------------------------------------------
Female Non-tobacco 19
----------------------------------------------------------------------------------------
Female Non-tobacco 20
----------------------------------------------------------------------------------------
ISSUE DURATION ATT
---------------------------------------------------------------------------------------------------
Ulti-
Age 14 15 16 17 18 19 20 21 22 23 24 25 mate Age
---------------------------------------------------------------------------------------------------
Female Non-tobacco 3
---------------------------------------------------------------------------------------------------
Female Non-tobacco 4
---------------------------------------------------------------------------------------------------
Female Non-tobacco 5
---------------------------------------------------------------------------------------------------
Female Non-tobacco 6
---------------------------------------------------------------------------------------------------
Female Non-tobacco 7
---------------------------------------------------------------------------------------------------
Female Non-tobacco 8
---------------------------------------------------------------------------------------------------
Female Non-tobacco 9
---------------------------------------------------------------------------------------------------
Female Non-tobacco 10
---------------------------------------------------------------------------------------------------
Female Non-tobacco 11
---------------------------------------------------------------------------------------------------
Female Non-tobacco 12
---------------------------------------------------------------------------------------------------
Female Non-tobacco 13
---------------------------------------------------------------------------------------------------
Female Non-tobacco 14
---------------------------------------------------------------------------------------------------
Female Non-tobacco 15
---------------------------------------------------------------------------------------------------
Female Non-tobacco 16
---------------------------------------------------------------------------------------------------
Female Non-tobacco 17
---------------------------------------------------------------------------------------------------
Female Non-tobacco 18
---------------------------------------------------------------------------------------------------
Female Non-tobacco 19
---------------------------------------------------------------------------------------------------
Female Non-tobacco 20
---------------------------------------------------------------------------------------------------
D-8
IDSL - [redacted]
VUL IL Plus/VUL IV Plus-ES
Doc# 2085783
SCHEDULE D-1
Basis for Reinsurance Premiums
2001 Valuation Basic Mortality Table ALB -- Select and Ultimate
Rate Per $1000 Before Allowances
ISSUE DURATION
----------------------------------------------------------------------------------------
Age 1 2 3 4 5 6 7 8 9 10 11 12 13
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
ISSUE DURATION ATT
---------------------------------------------------------------------------------------------------
Ulti-
Age 14 15 16 17 18 19 20 21 22 23 24 25 mate Age
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
D-9
IDSL - [redacted]
VUL IL Plus/VUL IV Plus-ES
Doc# 2085783
SCHEDULE D-1
Basis for Reinsurance Premiums
2001 Valuation Basic Mortality Table ALB -- Select and Ultimate
Rate Per $1000 Before Allowances
ISSUE DURATION
----------------------------------------------------------------------------------------
Age 1 2 3 4 5 6 7 8 9 10 11 12 13
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
ISSUE DURATION ATT
---------------------------------------------------------------------------------------------------
Ulti-
Age 14 15 16 17 18 19 20 21 22 23 24 25 mate Age
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
D-10
IDSL - [redacted]
VUL IL Plus/VUL IV Plus-ES
Doc# 2085783
SCHEDULE D-1
Basis for Reinsurance Premiums
2001 Valuation Basic Mortality Table ALB -- Select and Ultimate
Rate Per $1000 Before Allowances
ISSUE DURATION
----------------------------------------------------------------------------------------
Age 1 2 3 4 5 6 7 8 9 10 11 12 13
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
ISSUE DURATION ATT
---------------------------------------------------------------------------------------------------
Ulti-
Age 14 15 16 17 18 19 20 21 22 23 24 25 mate Age
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
D-11
IDSL - [redacted]
VUL IL Plus/VUL IV Plus-ES
Doc# 2085783
SCHEDULE D-1
Basis for Reinsurance Premiums
2001 Valuation Basic Mortality Table ALB -- Select and Ultimate
Rate Per $1000 Before Allowances
ISSUE DURATION
----------------------------------------------------------------------------------------
Age 1 2 3 4 5 6 7 8 9 10 11 12 13
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------
ISSUE DURATION ATT
---------------------------------------------------------------------------------------------------
Ulti-
Age 14 15 16 17 18 19 20 21 22 23 24 25 mate Age
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------
D-12
IDSL - [redacted]
VUL IL Plus/VUL IV Plus-ES
Doc# 2085783
SCHEDULE D-1
Basis for Reinsurance Premiums
2001 Valuation Basic Mortality Table ALB -- Select and Ultimate
Rate Per $1000 Before Allowances
ISSUE DURATION
-----------------------------------------------------------------------------------------------------------
Age 1 2 3 4 5 6 7 8 9 10 11 12 13
-----------------------------------------------------------------------------------------------------------
Female Non-tobacco
-----------------------------------------------------------------------------------------------------------
Female Non-tobacco
-----------------------------------------------------------------------------------------------------------
Female Non-tobacco
-----------------------------------------------------------------------------------------------------------
Female Non-tobacco
-----------------------------------------------------------------------------------------------------------
Female Non-tobacco
-----------------------------------------------------------------------------------------------------------
Female Non-tobacco
-----------------------------------------------------------------------------------------------------------
Female Non-tobacco
===========================================================================================================
Male Tobacco
-----------------------------------------------------------------------------------------------------------
Male Tobacco
-----------------------------------------------------------------------------------------------------------
Male Tobacco
-----------------------------------------------------------------------------------------------------------
Male Tobacco
-----------------------------------------------------------------------------------------------------------
Male Tobacco
-----------------------------------------------------------------------------------------------------------
Male Tobacco
-----------------------------------------------------------------------------------------------------------
Male Tobacco
-----------------------------------------------------------------------------------------------------------
Male Tobacco
-----------------------------------------------------------------------------------------------------------
Male Tobacco
-----------------------------------------------------------------------------------------------------------
Male Tobacco
-----------------------------------------------------------------------------------------------------------
Male Tobacco
-----------------------------------------------------------------------------------------------------------
Male Tobacco
-----------------------------------------------------------------------------------------------------------
Male Tobacco
-----------------------------------------------------------------------------------------------------------
Male Tobacco
-----------------------------------------------------------------------------------------------------------
Male Tobacco
-----------------------------------------------------------------------------------------------------------
Male Tobacco
-----------------------------------------------------------------------------------------------------------
ISSUE DURATION ATT
------------------------------------------------------------------------------------------------------------------------
Ulti-
Age 14 15 16 17 18 19 20 21 22 23 24 25 mate Age
------------------------------------------------------------------------------------------------------------------------
Female Non-tobacco
------------------------------------------------------------------------------------------------------------------------
Female Non-tobacco
------------------------------------------------------------------------------------------------------------------------
Female Non-tobacco
------------------------------------------------------------------------------------------------------------------------
Female Non-tobacco
------------------------------------------------------------------------------------------------------------------------
Female Non-tobacco
------------------------------------------------------------------------------------------------------------------------
Female Non-tobacco
------------------------------------------------------------------------------------------------------------------------
Female Non-tobacco
========================================================================================================================
Male Tobacco
------------------------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------------------------
D-13
IDSL - [redacted]
VUL IL Plus/VUL IV Plus-ES
Doc# 2085783
SCHEDULE D-1
Basis for Reinsurance Premiums
2001 Valuation Basic Mortality Table ALB -- Select and Ultimate
Rate Per $1000 Before Allowances
ISSUE DURATION
--------------------------------------------------------------------------------
Age 1 2 3 4 5 6 7 8 9 10 11 12 13
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
ISSUE DURATION ATT
------------------------------------------------------------------------------------------------------
Ulti-
Age 14 15 16 17 18 19 20 21 22 23 24 25 mate Age
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
D-14
IDSL - [redacted]
VUL IL Plus/VUL IV Plus-ES
Doc# 2085783
SCHEDULE D-1
Basis for Reinsurance Premiums
2001 Valuation Basic Mortality Table ALB -- Select and Ultimate
Rate Per $1000 Before Allowances
ISSUE DURATION
--------------------------------------------------------------------------------
Age 1 2 3 4 5 6 7 8 9 10 11 12 13
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
ISSUE DURATION ATT
------------------------------------------------------------------------------------------------------
Ulti-
Age 14 15 16 17 18 19 20 21 22 23 24 25 mate Age
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
D-15
IDSL - [redacted]
VUL IL Plus/VUL IV Plus-ES
Doc# 2085783
SCHEDULE D-1
Basis for Reinsurance Premiums
2001 Valuation Basic Mortality Table ALB -- Select and Ultimate
Rate Per $1000 Before Allowances
ISSUE DURATION
--------------------------------------------------------------------------------
Age 1 2 3 4 5 6 7 8 9 10 11 12 13
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
ISSUE DURATION ATT
------------------------------------------------------------------------------------------------------
Ulti-
Age 14 15 16 17 18 19 20 21 22 23 24 25 mate Age
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
D-16
IDSL - [redacted]
VUL IL Plus/VUL IV Plus-ES
Doc# 2085783
SCHEDULE D-1
Basis for Reinsurance Premiums
2001 Valuation Basic Mortality Table ALB -- Select and Ultimate
Rate Per $1000 Before Allowances
ISSUE DURATION
-----------------------------------------------------------------------------------------------------------
Age 1 2 3 4 5 6 7 8 9 10 11 12 13
-----------------------------------------------------------------------------------------------------------
Male Tobacco
-----------------------------------------------------------------------------------------------------------
Male Tobacco
-----------------------------------------------------------------------------------------------------------
Male Tobacco
-----------------------------------------------------------------------------------------------------------
Male Tobacco
-----------------------------------------------------------------------------------------------------------
Male Tobacco
-----------------------------------------------------------------------------------------------------------
Male Tobacco
===========================================================================================================
Female Tobacco
-----------------------------------------------------------------------------------------------------------
Female Tobacco
-----------------------------------------------------------------------------------------------------------
Female Tobacco
-----------------------------------------------------------------------------------------------------------
Female Tobacco
-----------------------------------------------------------------------------------------------------------
Female Tobacco
-----------------------------------------------------------------------------------------------------------
Female Tobacco
-----------------------------------------------------------------------------------------------------------
Female Tobacco
-----------------------------------------------------------------------------------------------------------
Female Tobacco
-----------------------------------------------------------------------------------------------------------
Female Tobacco
-----------------------------------------------------------------------------------------------------------
Female Tobacco
-----------------------------------------------------------------------------------------------------------
Female Tobacco
-----------------------------------------------------------------------------------------------------------
Female Tobacco
-----------------------------------------------------------------------------------------------------------
Female Tobacco
-----------------------------------------------------------------------------------------------------------
Female Tobacco
-----------------------------------------------------------------------------------------------------------
Female Tobacco
-----------------------------------------------------------------------------------------------------------
Female Tobacco
-----------------------------------------------------------------------------------------------------------
Female Tobacco
-----------------------------------------------------------------------------------------------------------
Female Tobacco
-----------------------------------------------------------------------------------------------------------
Female Tobacco
-----------------------------------------------------------------------------------------------------------
Female Tobacco
-----------------------------------------------------------------------------------------------------------
ISSUE DURATION ATT
------------------------------------------------------------------------------------------------------------------------
Ulti-
Age 14 15 16 17 18 19 20 21 22 23 24 25 mate Age
------------------------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------------------------
Male Tobacco
========================================================================================================================
Female Tobacco
------------------------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------------------------
D-17
IDSL - [redacted]
VUL IL Plus/VUL IV Plus-ES
Doc# 2085783
SCHEDULE D-1
Basis for Reinsurance Premiums
2001 Valuation Basic Mortality Table ALB -- Select and Ultimate
Rate Per $1000 Before Allowances
ISSUE DURATION
----------------------------------------------------------------------------------------
Age 1 2 3 4 5 6 7 8 9 10 11 12 13
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
ISSUE DURATION ATT
---------------------------------------------------------------------------------------------------
Ulti-
Age 14 15 16 17 18 19 20 21 22 23 24 25 mate Age
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
D-18
IDSL - [redacted]
VUL IL Plus/VUL IV Plus-ES
Doc# 2085783
SCHEDULE D-L
Basis for Reinsurance Premiums
2001 Valuation Basic Mortality Table ALB -- Select and Ultimate
Rate Per $1000 Before Allowances
ISSUE DURATION
----------------------------------------------------------------------------------------
Age 1 2 3 4 5 6 7 8 9 10 11 12 13
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
ISSUE DURATION ATT
---------------------------------------------------------------------------------------------------
Ulti-
Age 14 15 16 17 18 19 20 21 22 23 24 25 mate Age
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
D-19
IDSL - [redacted]
VUL IL Plus/VUL IV Plus-ES
Doc# 2085783
SCHEDULE D-L
Basis for Reinsurance Premiums
2001 Valuation Basic Mortality Table ALB -- Select and Ultimate
Rate Per $1000 Before Allowances
ISSUE DURATION
----------------------------------------------------------------------------------------
Age 1 2 3 4 5 6 7 8 9 10 11 12 13
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------
ISSUE DURATION ATT
---------------------------------------------------------------------------------------------------
Ulti-
Age 14 15 16 17 18 19 20 21 22 23 24 25 mate Age
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
Female Tobacco
---------------------------------------------------------------------------------------------------
D-20
IDSL - [redacted]
VUL IL Plus/VUL IV Plus-ES
Doc# 2085783
SCHEDULE D-L
Basis for Reinsurance Premiums
2001 Valuation Basic Mortality Table ALB -- Select and Ultimate
Rate Per $1000 Before Allowances
ISSUE DURATION
--------------------------------------------------------------------------------------------------------
Age 1 2 3 4 5 6 7 8 9 10 11 12 13
--------------------------------------------------------------------------------------------------------
Female Tobacco
--------------------------------------------------------------------------------------------------------
Female Tobacco
--------------------------------------------------------------------------------------------------------
ISSUE DURATION ATT
----------------------------------------------------------------------------------------------------------------------
Ulti-
Age 14 15 16 17 18 19 20 21 22 23 24 25 mate Age
----------------------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------------------
D-21
IDSL - [redacted]
VUL IL Plus/VUL IV Plus-ES
Doc# 2085783
EXHIBIT E
SELF-ADMINISTERED REPORTING
E.1 The Ceding Company will self-administer all reinsurance reporting. The
Ceding Company will send the Reinsurer the reports listed below at the
frequency specified.
MONTHLY TRANSACTION REPORTS
1. New Business
2. First Year - Other than New Business
3. Renewal Year
4. Changes and Terminations
5. Accounting Information
QUARTERLY PERIODIC REPORTS
6. Statutory Reserve Information
7. Policy Exhibit Information
8. Inforce
A brief description of the data requirements follows below.
TRANSACTION REPORTS
The Ceding Company will report policy data using the Quasar (R2) system.
1. NEW BUSINESS
This report will include new issues only. the first time the
policy is reported to the Reinsurer. Automatic and Facultative
business will be identified separately.
2. FIRST YEAR - OTHER THAN NEW BUSINESS
This report will include policies previously reported on the new
business detail and still in their first duration. or policies
involved in first year premium adjustments.
3. RENEWAL YEAR
All policies with renewal dates within the Accounting Period will
be listed.
4. CHANGES AND TERMINATIONS
Policies affected by a change during the current reporting period
will be included in this report. Type of change or termination
activity must be clearly identified for each policy.
The Ceding Company will identify the following transactions either
by separate listing or unique transaction codes: Terminations.
Reinstatements. Changes. Conversions. and Replacements. For
Conversions and Replacements. the Ceding Company will report the
original policy date. as well as the current policy date.
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5. ACCOUNTING INFORMATION
Premiums and allowances will be summarized for Life coverages.
Benefits. and Riders by the following categories: Automatic and
Facultative. First Year and Renewals.
PERIODIC REPORTS
6. STATUTORY RESERVE INFORMATION
Statutory reserves will be summarized for Life coverages. Benefits
and Riders. The Ceding Company will specify the reserve basis used.
7. POLICY EXHIBIT INFORMATION
This is a summary of transactions during the current period and on
a year-to-date basis. reporting the number of policies and
reinsured amount.
8. INFORCE
This is a detailed report of each policy in force.
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EXHIBIT F
APPLICATION FOR FACULTATIVE REINSURANCE
SUBMITTED TO:
--------------- --------------- --------------- ---------------
(Reinsurers)
FROM: DATE:
---------------------------------------- ------------------------
(Ceding Company)
POLICY NUMBER: INCREASING AMOUNT: YES NO
------------------- ------ ------
PLAN NAME: IF INCREASING, ULTIMATE AMOUNT:
------------------- -----------
BIRTH DATE TOBACCO PREF
LAST NAME FIRST MIDDLE M/D/Y SEX USE CLASS
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
JOINT INSURED
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
-------------------------------------------------------------------
LIFE SPECIFY OTHERS, E.G. SECOND LIFE, WAIVER, ADB, ETC.
--------------------------------------------------------------------------------------------------
PREVIOUS INFORCE WITH CO.:
--------------------------------------------------------------------------------------------------
OF WHICH WE RETAIN:
--------------------------------------------------------------------------------------------------
NOW APPLYING FOR:
--------------------------------------------------------------------------------------------------
OF WHICH WE WILL RETAIN:
--------------------------------------------------------------------------------------------------
REINS. AMOUNT APPLIED FOR:
--------------------------------------------------------------------------------------------------
IN EXCESS OF JUMBO: YES NO IF REPLACEMENT: INTERNAL EXTERNAL
------ ------ ------- -------
OUR MORTALITY ASSESSMENT: SPECIAL RISK FEATURES: AVIATION
(TABLE &/OR FLAT EXTRA) ------------------ ------
FOREIGN/TRAVEL
------
OCCUPATION/AVOCATION
------
--------------------------------------- ---------------------------------------
ENCLOSED REQUIREMENTS REQUIREMENTS TO FOLLOW
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--------------------------------------- ---------------------------------------
--------------------------------------- ---------------------------------------
--------------------------------------- ---------------------------------------
--------------------------------------- ---------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
REMARKS
--------------------------------------------------------------------------------
UNDERWRITING CONTACT: TEL #:
---------------------- -----------------------
E-MAIL:
-----------------------
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